It is very usual in this economic crisis to hear about the beneficial effects on the economy of all sorts of "stimulus" measures, money printing, public works expenditures, subsidies, even the destruction of goods or war as a way to "improve" the economy. All of these measures so loved by Keynesians of all stripes are … Continue reading The Broken Window Fallacy
Category: Finance – Miscellanea
“They were too big to fail in 2008, they were too big to jail in 2009”
Bill Moyers interviews Neal Barofsky former Special Inspector General in charge of policing TARP (SIGTARP). Mr. Barofsky speaks with clarity about the roots of the present financial crisis, on why nobody has been prosecuted in Wall Street, on why another crash is inevitable, on why “playing ball with Wall Street” is the way to go if … Continue reading “They were too big to fail in 2008, they were too big to jail in 2009”
TYR 26 October 2012 reads
The SAME Unaccountable Government Agency Which Spies on ALL Americans Also Decides Who Gets ASSASSINATED by Drones @ Washington's Blog The world that is coming...or perhaps is already here. David Einhorn Explains How Ben Bernanke Is Destroying America @ Zerohedge explaining how the Fed's policies are not only not helping the economy, they are now actively destroying this … Continue reading TYR 26 October 2012 reads
TYR 22 October 2012 reads
Lessons In Fiat Reality: "Why I Learned To Trade Less And Love The Farm" @ Zerohedge Hedge fund manager Stephen Diggle argues for farmland as the best risk-adjusted invesment for the next decade. Central bank generated inflation, a slowdown in agricultural productivity, a still growing global population and a global trend towards meat consumption in … Continue reading TYR 22 October 2012 reads
“… the ongoing assurances of central bank liquidity seem to ensure an eventual crisis beyond the liquidity capacity of central banks”
Doug Noland, one of the few financial analysts that foresaw the 2008 crisis before it happened, this week, in his weekly Credit Bubble Bulletin, "celebrates" the 25th anniversary of the October 1987 crash. The complete article here, some excerpts here: "Portfolio insurance played an important role in the precipitate sell orders that overwhelmed and helped … Continue reading “… the ongoing assurances of central bank liquidity seem to ensure an eventual crisis beyond the liquidity capacity of central banks”
TYR 15 October 2012 reads
How the neo-liberals perverted Adam Smith @ http://www.ianfraser.org Mr. Fraser argues that our present brand of capitalism has distorted the ideas of its intellectual founder Adam Smith (AS), whose ideas were cherry-picked by the likes of Milton Friedman and the ‘Chicago School’ in the 1960s and 1970s and, with the help of political followers such as Ronald … Continue reading TYR 15 October 2012 reads
“….this is nothing less than legalized plunder of the american people”
"The Fed's sole purpose: keeping the banks afloat" – G. Edward Griffin @ Casey Research says Casey Summit speaker G. Edward Griffin, author of The Creature from Jekyll Island. He talks about the Fed's real role in the US economy and why – contrary to common belief – it is not this banking cartel's mission to act in the best interest … Continue reading “….this is nothing less than legalized plunder of the american people”
TYR 8 October 2012 reads
How to be a China bull @ China Financial Markets Michael Pettis dissects and challenges the notion that China's high growth rate will continue in the next decade. High debt and misallocation of resources stand in the way. Decline, Decay, Denial, Delusion & Despair @ The Burning Platform "I despair for my country that has chosen to … Continue reading TYR 8 October 2012 reads
TYR 4 October 2012 reads
Spanish Prisoners @ NYT The catalan secessionist movement has sound economic, cultural and historical roots. It should be respected. In all aspects but name, Catalonia is a colony of Spain. Chart Of The Day: The Rise Of Global Central Planning @ Zerohedge It starts like this..."there was a time when the world had (somewhat) free markets.". The … Continue reading TYR 4 October 2012 reads
“How so? Breaking the law has now become a sort of routine”
In an interview with Die Presse, the former chief economist of the European Central Bank (ECB) discusses the latest decisions taken by this institution and asserts that from 2010 on, the ECB has given in to pressure from the outside ("Sie hat dem Druck von außen nachgegeben"). Asked about whether this pressure originated in the USA, … Continue reading “How so? Breaking the law has now become a sort of routine”
The Yogi Rock 